The “fiscal cliff” deadline is days away and the U.S. Congress and President Barack Obama have left town for Christmas. But even if they were still here, it wouldn’t have mattered, according to Steny Hoyer, the second-ranking Democrat in the House of Representatives. He says they wer...
Although such a scenario is still likely to be avoided, the looming deadline is stoking concerns within the financial industry. “Any delay in making an interest or principal payment by Treasury even for a very short period of time would put the US Treasury and overall financial markets in un...
Joe Biden called on Republicans to “take the threat of default off the table” after failing to reach a breakthrough in his first big meeting with congressional leaders over a looming fiscal crisis in the world’s largest economy. The US president’s appeal sets the stage for negotiations...
The article reports on the decline in the performance of Benchmark Shanghai Futures Exchange rebar in July 2011 from its 12-week high as investors took profit ahead of the weekend and the looming deadline for the U.S. to raise its debt ceiling. An analyst said the U.S. will solve its...
In May, Fitch placed US credit on negative watch, which, the agency said, "reflects increased political partisanship that is hindering reaching a resolution to raise or suspend the debt limit" ahead of a looming deadline. The downgrade, the first...
There are bipartisan proposals in Congress to begin the work of putting the nation’s fiscal house in order, but it remains to be seen whether this looming deadline helps bring about a meeting of minds. 6. U.S. leadership is back, except where it isn’t. The U.S. response to ...
The fight between the two sides seems to ebb and flow with media writing for deadline describing it as a all out war. This layout looks weak to me. There are quotes of casualty counts of only about 1,000 and that’s over a period of a year. In general, Haftar is thought to be ...
New York trader Benedict Willis says the coming debate over raising the debt ceiling could be even more acrimonious. "Now we'll go from the talk of fiscal cliff, I'm sure we'll start talking about the St. Valentine's Day massacre because that's really the deadline we'll be looking at...
The looming deadline is keeping the pressure high on House Republicans and the White House to bridge their differences and address the debt ceiling in the coming days. President Joe Biden is set to meet again on Tuesday with House Speaker Kevin McCarthy and other top congressional leaders. “...
Republicans and Democrats are likely to clash next year over the debt ceiling, a fight that could rock financial markets, unnerve consumers and threaten the economy with the specter of a calamitous default. The looming debt limit battle in Washington could spark the most uncerta...